Assistant Underwriter

  • Job Reference: TM/AsstU/W
  • Date Posted: 25 November 2021
  • Recruiter: Massenhove Recruitment
  • Location: London
  • Salary: £28,000 to £32,000
  • Sector: Underwriting and Underwriting Support
  • Job Type: Permanent
  • Contact: Tony Massenhove
  • Email: tony@massenhove.co.uk
  • Telephone: 0333 121 8000

Job Description

Job Title                                  Assistant Underwriter (Achieved Cert CII qualification)

Department                            Underwriting

Salary Band                           £28,000 - 32,000

 

Purpose of Role/Job Overview:

To provide efficient, timely and professional support to the company for New Business and general enquiries and must have experience in SME commercial package policies inclusive of commercial combined & contractors combined and at least 2 years’ experience in the SME package policies sector.

To achieve income and profit objectives through the new business team, determine policy terms and calculate premiums in line with authority levels.

Demonstrating your contribution to loss ratio control by effectively adhering to Company's underwriting controls.

To positively reinforce and display the company’s values and to actively drive the business forward in achieving its objectives.

 

Key Accountabilities:

Meeting and where possible, exceeding brokers service levels and expectations.

Support wider ‘Team Leader’ team.

Identifies cover and hazards that will impact on the acceptance, pricing, or terms applicable to a risk.

Understands the impact of claims and risk management on the performance of a case and demonstrates an ability to review taking these factors into account.

Build and maintain strong relationships with key trading partners to maximize influence.

Support the development and operation of sales campaigns to drive the acquisition of profitable business.

 

Other Activities, Duties and Responsibilities:

Maintain and develop market awareness.

Maintain good working relationships with all internal departments.

Maintain an open communication ethos with colleagues and managers.

Demonstrate “model behaviors”

Comply with all legal, regulatory, and contractual requirements to ensure obligations are met.

Contribute to wider business activities.

Operate within individual underwriting authorities and guidelines.

 

Qualifications                  

CERT CII                         

 

Knowledge      

Good underwriting fundamentals

                                     

Skills/Abilities/Competencies  

Good communication and organizational skills

Ability to manage time effectively, set priorities and meet deadlines

Ability to learn and adapt to change

Desire/ability to work successfully in a small company environment

Proven ability in developing key working relationships and business opportunities

Understanding of good negotiation and decision-making skills

Market knowledge of legal and regulatory requirements as well as technical proficiency on wordings

A strong level of numeracy, analytical and literacy skills

Strong organisational and prioritisation skills

The ability to influence actions and attitudes of others through leading by example

Good communication skills.                                                           

 

Experience      

Minimum 2 years market experience in an underwriting environment.      

 

 

Personal Attributes     

A friendly professional demeanour and ability to excel in a team-oriented environment

Natural at giving direction to and mentoring less experienced colleagues

Driven to go ‘above and beyond’ to provide best in class service to insurer and broker partners